idbifederal.com File Claim & Check Status : IDBI Federal Life Insurance Company

Organisation : IDBI Federal Life Insurance Company
Facility : File Claim & Check Status

Home Page : https://www.idbifederal.com/claims
Claim Status : https://www.idbifederal.com/claims

How to file a Claim :

At IDBI Federal, fulfilling a death claim is more than just a financial obligation. It is an opportunity for us to repay the trust you have put in us.

Related : IDBI Federal Life Insurance Company Online Payment Service : www.statusin.in/2142.html

simple 3 step claims process. :
Register A Death Claim :
You need to register a death claim with us by submitting the following documents :
** Death Claim Form
** Original Policy Document
** Original / Attested copy of Death Certificate issued by Municipal Corporation
** Attested copy of nominee’s photo ID and Residential proof (List of documents)
** Medical records at the time of death and documents related to any past illnesses of the insured person
** Cancelled cheque of the nominee’s bank account (containing IFSC code)

Claim Processing :
If your documents are complete and we need no further documentation, we settle your death claim within 8 working days. This is our ‘Claims Settlement Guarantee’ service. In case the claim requires further investigation, the same will be completed by us within a reasonable time.

Claim Payout
Once the claim is settled by us, we shall transfer the claim amount to the bank account of the nominee(s) through Electronic Fund Transfer. In case of an Electronic Fund Transfer failure, we shall send the cheque to the nominee’s mailing address.

FAQs :
What is the time frame within which a claim has to be reported to the Company?
A claim must be reported as soon as possible, to enable the Company to ensure a smooth process.

What parameters are considered by the Company while asking the Nominee to submit particular records / documents?
The Company considers the sum-at-risk, cause of the claim incident, circumstances of the claim and duration of the policy.

For example, in an accidental death,specific proofs such as post mortem and police reports are required.For death due to illness, we may call for hospital records, test reports, etc.

What will happen if the original Policy Document is lost?
The original Policy Document is a mandatory document for processing any claim; however if the same is lost or misplaced we may call for some alternate document / s and the claim is processed further.

Who is entitled to receive the Claim benefit?
** The Nominee or Appointee (in case of minor Nominee) last recorded under the policy in case of policy on own life.
** The Proposer in case the policy is not on own life.

** Assignee in case the policy was assigned.
** Trustee under MWPA (Married Woman Protection Act) policies / Karta in case of HUF (Hindu Undivided Family) policies.

What happens if there is no nomination on death of the Life Assured? Or what happens if both the Life Assured and the Nominee expires in the same event?
In such circumstances, it is termed as “Open Title” situation. The Company would require the proof of title / Succession Certificate issued by the competent court.

The Succession Certificate should specifically provide orders for disbursement of policy monies. If,however, the deceased has left a Will, a probate of the Will is required along with the copy of the Will.